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Key events
US and Iran preparing for potential agreement ahead of G7, reports say
There’s been a flurry of reports in the US media of a potential signing ceremony for a memorandum of understanding in Geneva, Switzerland. Axios, CNN and Bloomberg have cited sources saying the signing ceremony may happen ahead of (or during) the G7 summit that begins in France on Monday
Reports say the delegations of the world’s largest economic powers are expected to land at Geneva airport for the summit in Evian-les-Bains, near the Swiss border.
The Israeli military said it struck 310 Hezbollah targets in southern Lebanon in the past week, as it claimed to have killed “80 terrorists”.
The Israel Defense Forces (IDF) also revealed it conducted a raid in the southern Lebanese village Dibbine several weeks ago. The village is located north of the IDF’s so-called “yellow line” (an area carved out and occupied by the military) and is about 12km (7.4 miles) from the Israeli border. The IDF said its troops located “significant” weapon depots during the raid.
Donald Trump has claimed that the US has been conducting a “secret mission” in the strait of Hormuz to help Gulf petrostates bypass Iran’s chokehold on oil flows – which has roiled global energy markets for months.
The US president claimed Iran was unaware that dozens of tankers had been escorted out of the blockaded channel at night with their transmitters off.
He wrote in a post on his Truth Social platform that 200 vessels had got out this way, transporting more than 100m barrels of oil to global buyers.
So what is actually going on? Jillian Ambrose and Joanna Partridge explains here:
US-Iran memorandum of understanding includes end to war in Lebanon – report
Taz Ali
Iran’s semi-official Mehr news agency has published a list of terms that are reportedly in the draft memorandum of understanding with the US. It cites a source close to the Iranian negotiating team, but the details have not been confirmed publicly by either Tehran or Washington. The report says the text is yet to be finalised by the Iranian leadership.
According to the report, the draft includes 14 points:
Permanent and immediate cessation of war on all fronts, including Lebanon.
The US’s “commitment to non-interference in Iran’s internal affairs” and respect for its sovereignty.
Lifting of US naval blockade within 30 days.
Withdrawal of US forces from around Iran.
Reopening the strait of Hormuz within 30 days “with Iranian arrangements”.
Suspension of US sanctions on Iranian oil.
US and allies to draw up reconstruction plans for Iran “worth at least $300bn”.
Sixty days of negotiations to reach a final agreement “based on nuclear issues and the complete lifting of” sanctions.
Reiterating Iran’s commitment not to produce nuclear weapons.
During the negotiations, the US will not increase its forces in the region or impose new sanctions.
Release $24bn in blocked Iranian funds.
Establishing a monitoring mechanism to implement the agreement.
Final agreement to be approved by a UN security council resolution.
The final negotiations will not begin before the release of half of Iran’s frozen funds, the suspension of oil sanctions and the lifting of the naval blockade. “Discussions about Iran’s missile programme and support for resistance groups have been definitively removed from the agenda.”
Israel has previously said it would continue its ground operation in southern Lebanon despite a ceasefire agreed in April which has all but collapsed. The Israeli military has taken over swathes of the country as it attempts to dismantle Hezbollah, Iran’s most powerful armed proxy in the region. Reports on the ongoing discussions to end the war suggest a potential deal between the US and Iran hinges on what happens with Israel’s war in Lebanon, with Hezbollah demanding the withdrawal of Israeli troops from the country.
American news outlet Axios reported that four US air force planes departed for Europe to prepare for a possible signing ceremony between the US and Iran on a deal to end the war.
The planes are reportedly heading to Geneva where US vice-president JD Vance is expected to sign on Washington’s behalf, according to Axios, citing sources familiar with the preparations.
While Donald Trump claimed a deal could be signed as soon as this weekend, Iran said it has not yet made a final decision.
Summary: Iran contradicts Trump claim to be on verge of peace deal
Hello and welcome to the Guardian’s continuing coverage of the crisis in the Middle East.
Iran’s foreign ministry has contradicted claims from Donald Trump that a peace deal between Washington and Tehran could be signed as soon as this weekend.
The deal, if confirmed, would be the most significant diplomatic breakthrough yet to end the three-month-old war, which has killed thousands and sent global energy prices sharply higher. But Iran’s foreign ministry spokesperson, Esmaeil Baghaei, has said that while large parts of the text under negotiation have been finalised, “a final conclusion” has not been reached.
“This is a very important issue that is currently being reviewed by the relevant decision-making bodies,” Baghaei said, adding that Tehran would not compromise on its red lines.
Trump told reporters at the White House: “We just made a great settlement of the war with Iran.
“The strait will officially open as soon as we sign, which could be soon, very soon, maybe over the weekend in Europe,” he said, adding that vice-president JD Vance could sign for the US.
Since mid-March, Trump has repeatedly claimed a deal with Iran to end the war was close, but no agreement has materialised.
In other key developments:
Trump said he was cancelling a third day of US airstrikes and bombings that he had earlier said would happen because “discussions” with Iran “have been brought to the highest level of Iranian leadership and approved”. He also said on social media: “Discussions and final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.”
Israel, however, said it was “not a party to” what prime minister Benjamin Netanyahu’s office described as an emerging memorandum of understanding between the US and Iran. But the office said Netanyahu had spoken with Trump and that the final agreement at the conclusion of negotiations would include the removal of enriched material, the dismantling of enrichment infrastructure, limits on missile production, and the cessation of Iran’s support for its terrorist proxies in the region – measures that have been red lines for Iran in the past.
The strait of Hormuz would open “as soon as we sign” the documents of the “great settlement” reached with Iran, Trump said. “The whole Middle East is happy.”
Iranian media said the country’s forces had stopped a “violating tanker” from entering the strait of Hormuz. The report from the Fars news agency – closely linked to Iran’s Revolutionary Guards – came shortly after the sound of explosions were reportedly heard near the port city of Bandar Abbas.
Trump had earlier posted on social media that the US would seize Iran’s Kharg Island “in the not too distant future”, but later said the seizure would be off the table “if we sign this agreement”.
The price of oil rose after Trump threatened a “very hard” attack on Iran, but plunged hours later after he said he was cancelling the strikes. US West Texas Intermediate crude futures fell 1.9% to $86.08 a barrel, on top of a 2.6% drop overnight, and Brent dropped 1.5% to $89.08 a barrel, having fallen nearly 3% overnight. Asian stocks joined a global rally, with South Korea’s Kospi surging 7.4% and Japan’s Nikkei up 2.7%.
A strike wounded 10 staff members of a hospital in the Lebanese city of Tyre on Thursday, the facility’s director told the AFP news agency, as Israeli raids continued in the country’s south. All three of the historic city’s hospitals have been hit since the start of the latest war between Iran-backed militant group Hezbollah and Israel in early March.
India’s government voiced a “strong protest” after three Indian seafarers were killed in US military strikes against oil tankers travelling through the strait of Hormuz.
